Rathbone Brothers plc (LON:RAT) announced a dividend on Wednesday, July 29th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 3rd will be paid a dividend of GBX 25 ($0.31) per share on Tuesday, October 6th. This represents a yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 3rd. The official announcement can be accessed at this link.
Shares of LON RAT opened at GBX 1,682 ($20.70) on Thursday. The firm’s 50-day moving average price is GBX 1,465.92 and its 200-day moving average price is GBX 1,590.03. The company has a quick ratio of 0.14, a current ratio of 1.10 and a debt-to-equity ratio of 16.68. The company has a market cap of $964.78 million and a PE ratio of 34.54. Rathbone Brothers has a 52-week low of GBX 13.88 ($0.17) and a 52-week high of GBX 2,470 ($30.40).
A number of brokerages have recently issued reports on RAT. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,595 ($31.93) price target (up previously from GBX 2,425 ($29.84)) on shares of Rathbone Brothers in a report on Monday. Shore Capital raised their price target on shares of Rathbone Brothers from GBX 1,485 ($18.27) to GBX 1,750 ($21.54) and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada raised their price target on shares of Rathbone Brothers from GBX 1,700 ($20.92) to GBX 1,730 ($21.29) and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group raised their price target on shares of Rathbone Brothers from GBX 1,470 ($18.09) to GBX 1,550 ($19.07) and gave the company a “hold” rating in a report on Monday, July 6th. Finally, Liberum Capital reissued a “hold” rating on shares of Rathbone Brothers in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 1,982.50 ($24.40).
Rathbone Brothers Plc, through its subsidiaries, provides personalized investment and wealth management services for private clients, charities, and trustees in the United Kingdom and Jersey. Its services include discretionary investment management, unit trusts, financial planning, banking and loan, and unitized portfolio services, as well as trust, legal, estate, and tax advisory services.
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